The crypto market suffered a significant blow as the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance, the world’s largest crypto trading platform, and its founder. The SEC’s allegations of deceptive practices and mishandling of funds caused prices of cryptocurrencies and shares in crypto and blockchain companies to plummet.
Bitcoin and Ether, the two largest cryptocurrencies, experienced drops of around 4% and…
On May 8, 2023, shares of cryptocurrency and blockchain-related companies fell in premarket trading after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees. The halts pushed Bitcoin, the world’s biggest cryptocurrency, down 2% to a one-week low of $27,9001. Crypto exchange Coinbase Inc fell 4%, while blockchain-farm operator Bitfarms Ltd dropped 4.3%.
Bitcoin Price Today
The current p…
